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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Unitedhealth (UNH) Operating Margin (2016 - 2025)

Unitedhealth (UNH) has disclosed Operating Margin for 17 consecutive years, with 0.34% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 738.0% to 0.34% in Q4 2025 year-over-year; TTM through Dec 2025 was 4.24%, a 430.0% decrease, with the full-year FY2025 number at 4.24%, down 383.0% from a year prior.
  • Operating Margin was 0.34% for Q4 2025 at Unitedhealth, down from 3.81% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 56.4% in Q4 2023 to a low of 0.34% in Q4 2025.
  • A 5-year average of 10.51% and a median of 9.01% in 2022 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: skyrocketed 4946bps in 2023, then tumbled -4869bps in 2024.
  • Unitedhealth's Operating Margin stood at 5.32% in 2021, then surged by 31bps to 6.94% in 2022, then surged by 712bps to 56.4% in 2023, then tumbled by -86bps to 7.71% in 2024, then crashed by -96bps to 0.34% in 2025.
  • Per Business Quant, the three most recent readings for UNH's Operating Margin are 0.34% (Q4 2025), 3.81% (Q3 2025), and 3.82% (Q2 2025).